US could take controlling stake in Ericsson, Nokia to counter Huawei:Attorney General


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US could take controlling stake in Ericsson, Nokia to counter Huawei:Attorney General

On Thursday, the 6th of February 2020, William Barr, the 85th United States Attorney General serving Trump Administration since February 2019, said that the United States alongside its potential allies could stretch further on Huawei issue and might consider a slew of highly unusual steps including taking a ‘controlling state’ in Swedish telecom titan Ericsson alongside Finland’s Nokia to weather a hobbling Huawei bubble in developing the fifth-generation wireless technology.

On top of that, Thursday’s (February 6th) landmark comment from the US Attorney General, William Barr, who had also acted as the 77th US Attorney General under the administration of George H. W. Bush between 1991 and 1993, underscored how far the United States was willing go to clear the deck on Huawei issue.

Besides, at the stage of a conference addressing Chinese economic espionage, Barr said on Thursday (February 6th), “There had been proposals to meet the concerns by the United States aligning itself with Nokia and/or Ericsson.

The alignment could take place through American ownership of a controlling stake, either directly or through a consortium of private American and allied companies. Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power, or their staying power.

” “We and our closest allies certainly need to be actively considering this approach,” concluded the former US President George H. W. Bush’s close associate during the Gulf war of 1991 that led to a mass genocide in Iraq and allowed the US to settle down its military bases around the resource rich Middle East including Saudi Arabia.